While overall tax burden for individuals remains largely unchanged, the new tax law introduces structural changes in the way ...

Chennai: The income tax department has raised a demand notice for Rs 204 crore on the Tamilnad Mercantile Bank (TMB) for the ...

New House Rent Allowance rules from April 1 require tenants to disclose landlord relationships, aiming to curb fake claims ...

The Tribunal held that delay in filing Form 67 is a procedural lapse. It restored the matter to the AO to verify and allow Foreign Tax Credit if ...

The Tribunal held reassessment invalid as no proper sanction under Section 151 was produced. The notice under Section 148 was quashed, making all additions ...

Starting 1 April, taxpayers must disclose their relationship with landlords when claiming House Rent Allowance (HRA), especially if rent exceeds ₹1 lakh annually. Here's what happens if you ignore or ...

With the rollout of the new Income-tax Act, 2025, taxpayers are expected to get relief from several systemic issues faced ...